franc and the Japanese yen vis-à-vis the US dollar before and after the introduction of the euro. Based on dynamic …

currencies, and the euro serves as a hedge currency. Results for the yen support its role as a carry funding vehicle, but not …

forecast combinations for the euro against the US dollar, the British pound, the Swiss franc and the Japanese yen. We use … or the Japanese yen, no evidence of generalized improvement in profit measures over the benchmark is found. …

currencies, and the euro serves as a hedge currency. Results for the yen support its role as a carry funding vehicle, but not …